Abstract
This talk will discuss recent steps taken by the U.S. administration to promote financial disintegration in U.S.-China relations. Such recent steps, I argue, reflect an unprecedented form of financial lawfare. Its purpose -- to limit the flow of external capital to multinational Chinese firms and restrain the party-state's economic and technological ascent.
Such steps, however, have largely backfired. Recent changes in Chinese law reflect that such efforts were answered by the Chinese Party-state de-facto establishing an extraterritorial regulatory authority over worldwide affiliates of Chinese firms. Financial disintegration thereby furthered the control of the party-state over such firms. In addition, the steps ended up invigorating efforts to gradually divert capital-raising activities to Asia, and will likely reduce any (limited) reliance that Chinese firms had on U.S. capital. Rather, they are expected to contribute to a strengthened, more connected, Asian sphere of influence with China at its core.
Dr. Tamar Groswald Ozeri | View
Hebrew U
22/03/2023 - WED 16:30 - Room 5318
